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Finaxion Research · Supertrend: the line that changes colour · single stocks · Recomputed 2026-09-10

Does Supertrend: the line that changes colour work on CHTR?

Supertrend: the line that changes colour does not beat buy-and-hold on CHTR: -0.3 points a year over 17 years.

Total return
314.3%
Buy and hold
335.5%
CAGR
8.9%
Sharpe
0.33
Max drawdown
-44.1%
Trades
26
Out of sample
—
Years
17
1×10×20112013201520172019202120232025
StrategyCHTR

Findings

  1. Supertrend: the line that changes colour does not beat buy-and-hold on CHTR: -0.3 points a year over 17 years.
  2. Against the S&P 500 over the same window: -5.2 points a year.
  3. Total return +314.3% versus +335.5% for buy-and-hold, with 26 trades.
  4. Maximum drawdown -44.1%.
  5. It did not beat before 2018 and started afterwards.
  6. It ranks #130 of 235 markets for this strategy by annual excess over the S&P 500.

Findings derived from the full panel. Each carries its number and its denominator; the computations are reproducible with artifact e097c9613211.

Exactly what was tested

Entry when the close exceeds the upper band (ATR 10, multiplier 3); exit when the close drops below the lower band. The classic Supertrend definition.

How to read it

The verdict compares the strategy with buying and holding CHTR over the same window, with round-trip costs per asset class. “Out of sample” is walk-forward: the rule is fit on one stretch and judged on the next. A result that beats in the full sample but not out of it is overfit. Full methodology in the protocol. How we test.

Open this backtest with its trades   Trades (CSV)

Every strategy on CHTR → · Full page for Supertrend: the line that changes colour →

How to cite

Finaxion Research (2026). Does Supertrend: the line that changes colour work on CHTR?. Daily backtest 1962-01-01–2026-08-31, artifact e097c9613211. https://finaxion.app/en/research/supertrend/chtr

Not a recommendation. Past performance does not guarantee future results.